What is the ‘oracle problem’ & how does Chainlink solve it?
2 min read
Cryptoverse is usually buzzing with new words which are usually difficult to decipher for a non-technical person. Even somebody like me, who is a little more familiar with Cryptos/Blockchain sometimes gets confused – but then again it presents a new learning opportunity. And this is where the ‘oracle problem’ comes in today, and no it has got nothing to do with tech database giant Oracle. This is actually related to solving the most debated shortcoming of smart contracts in blockchain networks. I wrote about a few of the recent developments in smart contracts recently, where individual blockchain projects were addressing…...
Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.